So SHOP was up another 11% this morning (up 8% currently) despite being heavily involved with SMBs that people were saying would be disastrous to SHOP because of all the businesses that have been shut down during this COVID event. The jump today is because of comments from their CTO:
He states the following:
As we help thousands of businesses to move online, our platform is now handling Black Friday level traffic every day!
It won’t be long before traffic has doubled or more.
The article also states the following:
During the course of its current seven-day winning streak the stock has gained 50%.
While the traffic surge doesn’t necessarily translate into an equivalent amount of revenue, it’s a positive sign for the business.